CEO Barra's Total Compensation Is About a 60% Increase Over Predecessor

DETROIT—General Motors Co. new Chief Executive Mary Barra will be eligible for a $14.4 million pay package this year, a 60% increase over the compensation awarded to her male predecessor Dan Akerson.

Monday's total compensation announcement came two months ahead of schedule in a move by the Detroit auto maker to quash the accusations that Ms. Barra, the first female CEO to lead GM, was being paid less than Mr. Akerson.